Following the 0.25% increase in the Bank of England Bank Rate on Thursday 5 May, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)1 and Standard Mortgage Rate (SMR)2 products will see a rise of 0.25%.
The new rates of 3.00% (BMR) and 4.49% (SMR) will come into effect on 1 July 2022.